Vestmark Advisory Solutions Inc. Raises Holdings in Exponent, Inc. (NASDAQ:EXPO)

Vestmark Advisory Solutions Inc. increased its position in Exponent, Inc. (NASDAQ:EXPO) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,184 shares of the business services provider’s stock after acquiring an additional 809 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.06% of Exponent worth $2,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new position in shares of Exponent in the fourth quarter worth about $4,340,000. Fenimore Asset Management Inc. raised its holdings in Exponent by 62.8% during the 4th quarter. Fenimore Asset Management Inc. now owns 172,868 shares of the business services provider’s stock valued at $15,219,000 after acquiring an additional 66,664 shares during the period. Assenagon Asset Management S.A. raised its holdings in Exponent by 261.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,510 shares of the business services provider’s stock valued at $4,975,000 after acquiring an additional 40,886 shares during the period. Semanteon Capital Management LP purchased a new stake in shares of Exponent during the fourth quarter worth $1,213,000. Finally, Norden Group LLC boosted its holdings in shares of Exponent by 14.9% in the fourth quarter. Norden Group LLC now owns 3,850 shares of the business services provider’s stock worth $339,000 after acquiring an additional 500 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXPO has been the topic of a number of recent research reports. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Truist Financial increased their price target on shares of Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, April 29th.

Exponent Trading Up 2.1 %

Shares of Exponent stock traded up $1.91 during trading on Friday, hitting $94.33. The stock had a trading volume of 218,679 shares, compared to its average volume of 303,196. Exponent, Inc. has a 12 month low of $64.61 and a 12 month high of $102.72. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 47.64 and a beta of 0.64. The business’s 50-day moving average is $81.47 and its 200 day moving average is $82.00.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $137.21 million for the quarter, compared to analyst estimates of $125.98 million. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. As a group, equities analysts expect that Exponent, Inc. will post 1.92 EPS for the current year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, June 7th. Exponent’s dividend payout ratio is currently 56.57%.

Insider Buying and Selling at Exponent

In other news, insider Eric Guyer sold 3,367 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $78.49, for a total value of $264,275.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,030 shares of company stock worth $418,242 over the last three months. 2.20% of the stock is owned by insiders.

Exponent Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.